Key Market Indicators
Germany's truck export industry is projected to reach $13.2 billion by 2028, up from $12.3 billion in 2023. This marks an average annual growth rate of 1.1%. Since 1996, Germany's truck supply has increased at an average rate of 0.7% per year. In 2023, Germany ranked third in global truck exports, with the United States overtaking it with the same value of $12.3 billion. The top spots in the ranking were held by the United States, Germany, and France, respectively. On the import side, Germany's truck imports are expected to climb to $8.2 billion by 2028, rising from $7.5 billion in 2023. This represents an average yearly growth rate of 1.6%. German demand for trucks has grown at an average rate of 0.9% per year since 1996.
